the deficit and making huge profits returning record amounts of money to the treasury as a result of previous quantitative easing, so it's the opposite of spending your tax dollars. the fed a legally independent and ran by a guy originally appointed by george w. bush. this is just so completely over the top that we decided to do a piece on that particular email. pretty much, these messages to true believers have to exceed what we have already the bonds before we pay attention to them. we are out of time. thank you all for your attention. thank you for your questions. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> monday, a citizen's guide to the 2012 presidential debate from the national communications association panel looking at the hours of the debates coming up next month. live coverage begins at 1:00 p.m. eastern on c-span. >> you established a third party. you ran twice. you established -- what was the name of it? united we stand? the reform party. do you feel that is needed today? there's something

trillion deficit to the stubbornly high unemployment rate, president obama supportsers are finding lots of reasons to change their votes. they're speaking out in a new ad for the romney/ryan ticket. shot clock. >> i voted for bill clinton twice. i voted for clinton. >> i voted for clinton. >> al gore. >> i voted for al gore. >> al gore. >> i voted for barack obama. >> i voted for barack obama. >> barack obama in 2008. >> i had huge hopes. but you know what, i got burned in 2008. >> the trillions and trillions of dollars of deficits. >> this time. >> this year. >> i've changed. >> i'm changing my vote. >> i changed my mind. >> to mitt romney and paul ryan. >> to romney and ryan. >> to mitt romney and paul ryan. they have plans and ideas that i believe will work. >> greta: joining us our political panel, rick klein, michael crawley, and justin sink. rick? >> find me a voter for voted for mccain four years ago and now says obama. it's a small segment of the population. this is the kind of message. it's an invitation to the former obama voters, the one-time obama voters who may be supporting h

strong, for instance, on federal spending and dealing with the deficit and debt. they're hitting that in ads. this is something people are genuinely worried about and he can connect to the economy because people in their everyday lives. gregg: juan, as you know unemployment is still above 8%. gdp is a comatose 1.3%. brain-dead on life-support. we have a debt that is crushing of $16 trillion. more americans than ever before, 47 million, are on food stamps. gasoline prices have doubled in the four years that president obama has been in office. i mean, what is he going to say tonight when surely he will be asked about that? >> oh, gregg, i think there is lots of positives to offer. gdp clearly now is far in excess where we were when he took office. if you look at wall street, you look at the nasdaq --. gregg: juan, under reagan it 7% in the reagan recovery. it is 1.3% right now? >> again, what you see is compared to where he took office, gregg. it is much better. economy, if you ask the american consumer right now, they have a much better attitude about where we're going, more upbea

student aid so more americans can afford it. fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my plan. compare it to governor romney's, and decide for yourself. thanks for listening. i'm barack obama and i approve this message. >> [siren] >> nasa says its is an electromagnetic phenomena calls by -- caused by an cosmic waves. look for the remix soon. >> i was just thinking that the right producer could do something more with that. >> a beautiful afternoon. there's going to be a baseball game at nationals stadium. >> teddy is loosening up. >> he's greeting the fans and is ready to go. >> perfect weather. 85 this afternoon. we will see some breaks in

is what the president had to say. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spendi

kasich. just call him the 10% president. that is what he spiax responsibility for the deficit and libya is still raising more questions for the white house. it could have been stopped? >> paul: welcome to the journal editorial report. i'm paul gigot. you'll eyes were on ohio this week as they both hit the buckeye state hard. hoping to put 18 electoral votes in their col >> paul: politics poll real lot of attention to polls because it depends on what they take and the sample. these guys have been in ohio and they should start paying income tax. this thing is as close can be they both wouldn't be here. i expect this to go down to the wire. we are always a swing state. it will be very close. >> paul: so the democrats are saying one of big things that is helping the spent the auto bailout. is that how you lead to to help the president? >> look, we're up 123,000 jobs over the last year and three-quarters. we're actually according to the bureau of labor statistics down 500 jobs, auto jobs in ohio. the situation. chrysler has expanded and ford and gm have shrunk their footprint but we stabiliz

assessed on the basis of the numbers that were given to us, as well as the forecast of deficit consolidation expected. we did say at the time that the timing seemed too short to us. and you would say that this is being heard? >> yes. >> i guess this is sort of a follow-up question from the previous. >> i see the you are taking notes. >> yes. you mentioned in your remarks that there should be less focused on target, rather more on implemented will measures. -- implementable measures. you said there was a specific target for march that was looming large in that debate. you did mention that, the role of that analysis. but this the emphasis of the target -- deemphasizing of the target, should that be interpreted as the next being less relevant for the continuing fund intervention? if so, does that mean that the long-term target is going to be achieved by the direct restructuring of the junior officials said to participate? and that this can be achieved in a state that may be more politically opportune? such that it does not have to basically be settled by later this month or in oct

. that's been a huge deficit for him over the course of this campaign. no specifics, no details. so i think that is part of the burden he carries next wednesday night. >> i suppose one of the problems for you is that barack obama is in the strange position of being the quite clear favorite. i don't think many incumbent presidents have that going into debates but people say i saw a poll this morning, he's up nearly 60% of americans believe obama will win the debates. that's always a rather precarious place to go into a debate, isn't it, as the clear favorite because expectation levels can often exceed performance. >> that is definitely the case. you know, the president -- we're taking this debate very seriously. we know that there's a certain expectation on our side. we also know what history tells us, that challengers normally win the first debate, just by the fact that they're standing on the stage with the president. that elevates them. and they normally come into these things as underdogs so we're coming into this debate very realistic that mitt romney is likely to win, if he pla

, which deductions would you eliminate, let's be specific and how will you do that and reach deficit reduction, which programs will be cut? >> the question is, how do you get america back to work. what paul ryan said on your clip is, you flatten the base and increase -- excuse me, you increase the number -- reduce the number of deductions that are out there and you expand the base. that's typically what works. that can be done in a revenue neutral fashion that's what paul ryan has proposed and what that does is make america more competitive. mitt romney has been specific on how he would get america back to work and replace the failed policies of the president. andrea that's what this is about. the president's policies on job creation haven't gotten us back to work. 8% unemployment for 43 months. i mean what mitt romney said very specifically on job creation, is expanded trade by reducing the barriers, creating a better climate for america by keeping tax and regulatory policies in a better shape, energy. this president has been horrific we just lost 1200 coal jobs in virginia last wee

that take on these things. i think the public does worry about the national debt and the deficit in the abstract but as soon as it starts coming to specifics and you start talking about what's really going to cut, it doesn't play very well. >> i think this is interesting in part because the republican strategy on medicare was a little more complicated than just vote for this. >> it was much more complicated. very tangled. >> what they were trying to do was split it where they were going to say if you're over 55 you're going to keep what you have now. in fact, we're going to spend $700 billion more on medicare over the next ten years. paul ryan instantly reversed the position that he had when he was in congress. it kept the president's medicare cuts. romney will repeal that. ryan says that too. it looked to me like that was working, that they were actually managing to sort of get to the president's left on medicare and attack him and say the president's going to cut your medicare, we're going to protect it. i don't know why it's not still working. >> here's why. so they've decided th

you want to talk about closing the debt, the deficit. allow fracking. frac away. by the way, there is nothing, never has been any proof of disease or anything -- >> greg: they tried it with breast cancer -- >> bob: i wasn't supposed to talk about the disease part. andrea made a good point. marellus shale runs from ohio, to upper new york state. our friend denny harton you met. friend from west virginia. he convinced me how safe fracking was. it's an important point. if you drive buss with natural gas, it seems you can drive anything with natural gas, right? >> bob: he told me we didn't have the infrastructure to carry natural gas. why not invest in infrastructure to carry natural gas? not have so much dependency on foreign oil. >> kimberly: welcome to the conservative party, bob beckel. >> andrea: can you spread that in your party >> eric: >> bob: when you have that much of an energy resource and you know it runs things, the only problem, of course, is that -- well, anyway. >> greg: k.g. -- >> kimberly: i'm for fracking all the way and anything that gives us energy independence so we'

about which entitlement he will cut to bring the deficit down which he promised four years ago. >> andrea: i don't think president obama has a leg to stand on when it comes to entitlements. in the last four years he created a giant new entitlement that will put the onerous taxes on the middle class. i think he has to keep president obama on defense all night. i've talked to a lot of people and they say the entire debate is about romney. romney needs to play to win. while president obama needs to play not to lose. as long as he can keep him on defense, which he can. the facts are on romney's side. i talked to a senior advisor and just saw the candidate, he is calm and in great spirits ready to go. >> bob: that is what they always say before debates. if you abandon your own vice president medicare proposals? >> dana: they answered that. >> bob: how so? >> andrea: i don't think he will let himself get trapped in the details, bob. he will take it to the president. the facts are on his side. all he has to do is bring up the promises that president obama made. all the promises that h

. the fed is actually reducing the deficit making huge profits returning record amounts of money to the treasury as a result of all of their previous quantitative easing. so, the opposite of spending your tax dollars is true it of course the fed is legally independent and run by a diet that is appointed by george w. bush. so this is so completely over the top that we decided we've got to do a piece on that particular e-mail. but pretty much of the messages to the true believers have got to exceed what we in the bunker before we pay much attention to them. as the nec we are out of time. thank you for your attention and appreciate your questions. [applause] speed in the transition we are going to ask the second panel to come up and area video we have produced to help stations engage in ad watching in the local broadcasts. we know that when the ad is added full stream you increase the likelihood that the ad is believed and you don't hear the reporter. swedes distributed with the annenberg foundation. if we could play that please, gary. >> what's the difference between seeing this, traf

or her advice to mitt romney, be likable and, you have to take care of the likability deficit. forget it. maybe he could have done it in the summer, he has to be tough and go directly at president obama, and, if the media narrative -- you know, they both did well, nice to have a respectful debate, and they all got along and... right, and then it is over. he has to get under president obama's skin and clarify the choice ahead. >> chris: i want to talk about media bias. i i saw a couple of cases, this is the cover of "time" magazine. mitt romney's been running for president, two years, and five weeks before the election, mitt romney's -- they decide, time, they'll do a story on the mormon identity. not about tax reform, not the economy, not about foreign policy, the mormon identity. and, i want to also point out, i think -- i was struck by it this week, this is wednesday's "washington post." might have wife points it out to me. the story in the top is, obama issues a challenge. fair enough, the president spoke to the u.n. and that is a big news story and the lead story: ohio, florida, g

federal deficit. the group will begin work on the plan following november's election and have until january to agree on a deal. senators could face some road blocks along the way. senate democrats say they do not agree with extending bush-era tax cuts, while republicans oppose raising tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in stone. stocks reacted negitively yesterday on the news. many investors have expected

if he was elected he would cut the deficit in half. remember that one? it has been another trillion dollar deficit four in a row. that is 50% higher. is it working? >> no. >> it's not working and it is worse than that. the poverty rate is high. food stamps have gone up 50%. is it working? 4,300 dollars cut in take-home pay. is it working? >> no. >> here is the good news. help is on the way. >> yeah! >> mitt romney and paul ryan have the experience and record and they have the public policy plans to put america back to work. before we give a warm miami valley welcome to the next president and vice president of the united states i want you to give a warm welcome to a colleague of mine and friend who snuck across the border from kentucky today. he is a doctor who understands the dangers of obama care. he is a fiscal conservative who understands the nature of the record debts and deficits and understands they are a danger to our country and kids. finally, folks, he is someone who believes that we can not afford another four years of this. ladies and gentlemen, i give you mr. paul. >> an

weaknesses on the economy and deficit to strengths. by roughing up romney on the idea he will hurt the middle class. >> he says he will cut the deficit, please. he wants $2 trillion in new defense spending that the pentagon didn't ask for. $5 trillion tax cut, future of the wealthy. >> reporter: the claim is complicated by the way biden framed the argument. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify raising their taxes? >> obama officials today insisted that was not a gaffe, biden clarified. >> the middle class was buried by the policies of romney and ryan supported. >> republicans like rubio are off to the races. >> those happen to be the words that the distinguished vice president of the united states mr. joe biden. no, don't boo. he is the best thing we've got going, guys. >> reporter: now denver has always been big for this president. in 2008 is where he launched the hope and change in front of the great columns of the democratic convention. 2009. this is where he signed the stimulus in law. tonight, h

thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestration of defense, is not an excu

? >> germany is telling france hey, you got to get that budget deficit under control, big budget deficit is verboten the socialist president of france, francois hollande, tax the rich, not so rich, capital gains, profits, you name it, there will be a big new tax. on upper end of income every dollar over a certain level the french government will take 75 cents. rip it right out of your hand. 75 cents on the dollar. more than $200,000, they take 45 cents on the dollar, almost half. bill, this is a massive gamble because france's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20

question tonight, if it's -- on domestic policy, is going to be the deficit issue, the fiscal management of the country, and in talking to romney advisers, that's sort of the key thing they are going to point out in terms of leadership, talk about commander in chief at the next debate. but this debate is about fiscal management and who is going to be better for me in the next four years. >> very quickly, david. >> first 45 minutes of this, the most important 45 minutes of the campaign, all about the economy. i've known jim lehrer for a long time. he won't be constricted by the -- he could well go into libya and what's been happening in the second part of the debate. >> not just the first 45 minutes are important, after the debate, our job, the fact checking, reality checking, wolf, a little bit on that. >> we certainly do, anderson. a very impressive reality check team to determine if the candidates are telling us the truth tonight. john berman is one of the team's leaders, joining us now. john, you have been fact checking candidates' recent claims on the campaign trail what are you seei

accountable for america's money problems? >> when i came in office, i inherited the biggest deficit in history. >> gretchen: who is responsible for the other 90 percent. somebody else? we'll break down the numbers next. >> brian: washington post had a problem. >> key to a woman's heart scaring her half to death. staging a plane crash and popped the question. >> gretchen: that would be an automatic no. -[ taste buds ] donuts, donuts! -who are these guys? -oh, that's just my buds. -bacon. -my taste buds. -[ taste buds ] donuts. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? okay. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4g lte network, and motorola, droid does. get $100 off select motorola 4g lte smartphones like the droid razr. seems they haven't been moving m

likely to reduce the deficit and cut entitlement spending like social security. but it is kind of sad, carol, it wasn't much excitement for either of them as far as helping the economy one way or the other. >> let's talk about something a little brighter that's happening where you are. the dow's rising. >> it is. this does actually begin the fourth quarter and it looks like stocks are beginning the fourth quarter with gains. stocks were already higher and then came out big sort of granddaddy of manufacturing reports. at least for september was back in expansion territory. and this is a big deal because manufacturing has shown contractions for the past three months in a row. so this surprise to the upside, putting investors in a good mood, enough of a mood to buy into the market today. >> i'm sure all of this will enter into the world of politics too. alison kosik, thanks so much. >>> now is your chance to talk back on one of the big stories of the day. will the presidential debate be game changers? forget about the talk about romney the amateur debater, chris christie says the deb

deficit in half in your first term. it went up $6 trillion. you called bush unpatriotic for $4 trillion in eight years. simple question. mr. president, you predicted if we passed your stimulus by now we would have created 8 million new jobs. they still have fewer americans working. you know, mr. president, you said you'd b transparent. can we see the cables and wires tomorrow? when can we see them? >> how about this, mr. president you said you were taking our foreign policy in a different direction. the middle east is in flames against america and our ambassador is dead. mr. president, in sudan they will not allow u.s. marines to guard american soil. what do you have to say about that? >> sean: romney has got to understand, they're not going to ask these questions. it's his job to bring it up as of next wednesday. here's andrea mitchell, "nbc nightly news," and she says it's ambassador rice who was sent out with false information that we now know is false, as corroborated by a scrubbed websites at the state department to lie as as did jay carney, as did secretary clinton. watch

romney has pledged to do that. barack obama will not do that. if we want to look at the deficit, everybody knows the problem with the deficit. who do we think is more likely to deal with the deficit? someone who has run it up over a trillion dollars every year he has been in office? is that too is going to do it to? or do we think governor romney, a businessman who is committed to fiscal responsibility is going to do it? who is going to do it to? if the barack obama is in the white house four years from now, he will have appointed one half of all federal judges and he will have changed the complexion of the added states supreme court for decades. can we stand that in this country? is that what we want to? no. foreign affairs. the president of the united states went to new york today, yesterday. other presidents have gone to meet with world leaders to sit down with the israelis and other allies, people who he needs to understand. and interesting article this morning about his failure to do that. he went to new york not to meet with world leaders, he is on "the view." [booing] wha

elect politicians who go to washington dc and say look at the debt and deficit and say that we can't continue this anymore, we have to cut back on these programs, what we are going to see is a competition among the takers and the makers and greece in the process we have seen in europe, i am afraid, will come to america. cheryl: cheryl: kyle, thank you so much. thank you, coyote. meanwhile, let me ask you this. the circuit have what it takes to succeed in college? more than half of high school graduations do not. that is according to a new college survey. the sats failed to combine the indicator of kids to succeed. it should be called action. coming at the end of the hour, we are looking at how to fix these problems at an early age. also, still to come, help is on the way for stay-at-home moms. has the housing market hit bottom? a new report says that things are actually looking up want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time t

you're going to cut the deficit all at the same time, and your answer is, i don't really have time. >> right,. [ laughter ] >> my 9-year-old niece in the fourth grade, she can't tell her teacher, you know, i don't have time to show you the math, trust me, this is the answer. it's not going to work. we want to hear from you 1-866-55-press. we're going to talk a little bit about paul ryan. we're going to talk a little bit about the debates answered we're going to hear a little bit more from mr. ryan as he talks about his -- as you talks about how he can't show us the math and how he has plans, failed plans for medicare cutting taxes and for america, right after this. >> on your radio and on current t.v., this is the bill press show. ♪ unrivaled analysis and commentary. >> you're going to hear that used as a major talking point. (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >>now that's politically direct. >> this is the bill press show live on your radio and current tv. >> good morning i'm jamal simmons sitting in for bill pres

facing the so-called fiscal cliff. >> well, a couple things. he was handed a record deficit when he came into office. >> does it work to keep talking about what happened before? >> only to put in context of where he wants to take the country. we were handed a record debt. record deficit when we walked in because of two wars that weren't paid for, two tax cuts that weren't paid for. because of the economic crisis we had to take emergency action. he would do that same thing today. we saved millions of american families from the severe -- most severe economic crisis we've seen in our life times. now the president cut a trillion dollars and he has a plan to do more, a $4 trillion deficit reduction plan. the only person on that stage tonight with a real deficit reduction plan scored by the cbo, you know, scored by independent economists is barack obama. mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mi